Workday Inc (NASDAQ:WDAY) Q2 2020 Earnings Conference Call - Final Transcript

Aug 29, 2019 • 04:30 pm ET


Workday Inc (NASDAQ:WDAY) Q2 2020 Earnings Conference Call - Final Transcript


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Welcome to Workday's Second Quarter Fiscal Year 2020 Earnings Call. [Operator Instructions] We will conduct a question-and-answer session towards the end of the call.

And with that, I would like to hand it over to Mike Magaro, Vice President, Business Finance and Investor Relations.

Michael Magaro

Welcome to Workday's second quarter fiscal 2020 earnings conference call. On the call we have Aneel Bhusri, our CEO; Robynne Sisco, our Co-President and CFO; Chano Fernandez, our Co-President; and Tom Bogan, our Executive Vice President of the Business Planing Unit. Following Aneel and Robynne's prepared remarks, we will take questions. Our press release was issued after the close of market and is posted on our website, where this call is being simultaneously webcast.

Statements made on this call include forward-looking statements regarding our financial results, applications, new product offerings, customer demand, operations and other matters. These statements are subject to risks, uncertainties and assumptions. Please refer to the press release and the risk factors and documents we file with the Securities and Exchange Commission, including our most recent Quarterly Report on Form 10-Q for information on risks, uncertainties and assumptions that may cause actual results to differ materially from those set forth in such statements.

In addition, during today's call, we will discuss non-GAAP financial measures, which we believe are useful as supplemental measures of Workday's performance. These non-GAAP measures should be considered in addition to and not as a substitute for or in isolation from GAAP results. You can find additional disclosures regarding these non-GAAP measures, including reconciliations with comparable GAAP results in our earnings press release and on the Investor Relations page of our website.

The webcast replay of this call will be available for the next 90 days on our Company website under the Investor Relations link. Also the customer's page of our website includes a list of selected customers and is updated monthly.

Our third quarter quiet period begins on October 15th, 2019. Unless otherwise stated, all financial comparisons in this call will be to our results for the comparable period of our fiscal 2019.

With that, let me hand it over to Aneel.

Aneel Bhusri

Thank you, Michael, and hello everyone. Thank you for joining us today. I'm pleased to share the details of another very good quarter. In Q2, we continued our momentum as we partner with our customers to drive digital transformation across cloud finance and HR.

Let me share some of the highlights beginning with HCM. As of today, more than 40% of the Fortune 500 and approximately 50% of the Fortune 100 have selected Workday for their core HCM platform. And as we continue to expand our efforts globally, 17% of the Global 2000 have also selected Workday for their core HR system of record. In the second quarter, some of the new customers we added included the Gap, Stanley Black & Decker and Rockwell Automation in North America, Aldi Stores Limited in Europe, and Bunnings Group Limited in our Asia-Pacific, Japan region. Our continued success globally is a